The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-19
CONDITION OF THE MARKETS
Pork Comes Forward with an Advance
and Stiffens Prices All Along the Line.
Lard and Short Ribs Also Command Higher
Fjgures-Fluctuation That Amazed the
Scalpers and Left Them in the Lurch.
MONEY, BONDS AND STOCKS.


The New York Market Moderately Active
bur Irreeuiar-GouId Stocks Advance.
NEW YORK, Nov. 18-Money on call was
easy at 81 70 per cent the last loan being made
n per cent. closing offered at per cent
Prime mercantile paper, Gas per cent.
Sterling exchange was dull but steady at 81. 81
for sixty day bills and 81. 49, for demand.
The total sales of stocks to-day were 321, 354
shares. including the following: Delaware.
Lackawanna Il Western, IA 400; Erie, $3.50;
Kansas g. Texas, $685.; Lake Shore, $780, Lou
isyie & Nashville. IL, $50; Missouri Pacific, $780,
Northwestern. 3. SOC; Northern Pacific preferred.
1910; Oregon & Transcontinental, 3.43S; Pacific
Mail, 4.74o; Reading, 62.9l0; st. Paul, 43, $50;
Texas Pacific, $3.50; Union Pacific, $3.50;
Western Union, q. $780, Wabash Pacific, 300;
Wheeling & Lake Erie 10, $50.
The stock market to-day was only moderately
active and subject to spells Of positive dizziness,
and prices irregular. but in the main firm.
TIE traders still favoreda reaction this.m ornlng.
Rrd though the general temper was bullish
further setb back was expected; in this there was
q disappointment, however. as liberal foreign
purchases were made in the early dealings,
which enabled the market to absorb the free
offerings of stock, and even to advance small
fractions. Bearish rsports were received from
Chicago, and st. Paul was the most active stock
of the forenoon, but the news of the day was
not of special Importance, though the favorable
traffic returns had some effect in maintaining
ern Union and the other leading stocks were
much more quiet than usual of late, and their
fluctuations OF little significance, but the
Gould stocks came TO the front in the
afternoon, and. stimulated by the reported
completion of the reorganization plans aided
BY good foreign buying, advanced rapidly, and
stand almost alone this evening in showing ma
tarial gains Cor the day. The market opened
strong at advances OF to ] per cent. generally
over last evenings final prices. but Reading and
Northern Pacific preferred were ND I. There
was a moderate business in the first hour, but it
soon fell away, and the list became quiet to dull
Prices were inclined TO droop in the forenoon,
and the dealings were marked by some fever
ishness, while there was no marked
change in the quotations until toward
2 o'clock. when the movement in the
Gould properties began. Texas Pacific
took the lead. but the Improvement extended to
Pacific Mail. Wabash, and Kansas d
Texas Some OF the specialtes also made
marked advances. among which was Des Moines
close firm az close to the opening
figures. Almost everything is higher to-
night, though the gains for small
fractions only in most cases. the most
important advances being in Texas Pacific
and Pacific Mail, Il each; Kansas g Texas and
San Francisco preferred. II each, while Mich-
gan Central lost Il, and Wheeling & Lake Erie
i per cent.
RailroadIbonds were quiet. and final prices were
generally higher Ssiss. 81, 047,0 600. Louisville
e. Nashville consols advanced 3, TO 121; Mexican
Central incomes. p, to 224; Texas Pacific in
come receipts. q. to 512; Wabash general trust
receipts, IL to 563 and the sevens of 1879, 3d. to
933.
Government bonds were dull and steady, ex-
cept for the tours, which were heavy.
State bonds were dull and steady. Closing
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